Lee & Assosciates 2025 Q3 Bakersfield CA Multifamily

Market Overview

‍The Bakersfield-area multifamily market is shifting into a more stable phase in Q3 2025, with average asking rent near $1,455 and occupancy around 92.5 percent. New deliveries and units under construction have softened relative to recent peaks, allowing leasing momentum to return and fundamentals to firm.

‍About Lee & Associates

‍Lee & Associates is a full-service commercial real estate advisory firm operating nationwide. Their Q3 2025 Bakersfield multifamily market report presents detailed metrics on rent trends, occupancy, supply flows and pipeline dynamics to assist owners, developers and investors in strategic timing and market positioning. To read the full report, click here.

‍